istock

Tuesday, November 3, 2009

I just bought my biggest investment to date, a building that I absolutely love. It has been a long drawn process, it took me 15 months to search and 3 months to negotiate. Yes, it takes me that long to find a deal. I am relieved and at the same time a bit jolted after I have done the deal. I am glad that some of the brightest investment minds in Singapore, my personal friends of course, are all scrambling to co-invest in this long term deal. I will share the details of the place next week.

The long term potential is great and after I implement my concept, the yield will be very significantly enhanced. I know that in my last blog, I warned about the residential markets. Of course, I will not be contradicting myself as the above property is not a residential play. After my last blog, I have been proven right as things have slowed down in the last month.

I really want to update this more often but I have been absolutely swamped! I have not even been able to eat as I had been in the process of re-structuring my organisation and was overseas so often that it would be more convenient for me to camp at the airport. So many apologies to my avid readers!

My property course has finally been launched and I must thank you for your overwhelming support. All the spaces has been taken in the space of a day. We will launch a second intake this year for those of you who were not able to get a space. I know my small class size is a bummer but we really want to add value. So grab a space before they run out again.

And by the way, please be very careful of people selling properties via attending seminars, I am really not comfortable as crap is being hawked like nobody’s business. Caveat emptor! I am only sounding this out as they are like a master agent who has nothing to lose even if you lose money. I am only sounding this as most of you are my students and your interest come first. I have nothing against anybody but please be careful what you are getting into, please!

I was really heartened when one of my students came up to me the other day thanking me. According to him, he has attended a lot of the seminars out there and in his own words, ‘ we have the liao(substance)’. Incidents like this are what drive us and creating value for you is key to us.

Hi Guys! I am writing to you from the air again. This time I am on the way back from the Land of the Rising Sun. I cannot feel but a little ...

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Andy OngFounder of ERC Holdings

Andy Ong Siew Kwee currently serves as the Founder of ERC Holdings. Under his leadership, the parent group has since established strong foothold in four business silos namely education ERC Institute , hospitality, training and property investment within two decades.

Ong is a strong believer in enabling startups and young brands reach their potential. Together with a group of partners, he founded the Entrepreneur’s Resource Centre (ERC) to help budding entrepreneurs transform their business ideas into sustainable models.

The recent venture into a co-working space; BIGWork , an ideation incubator lab; BIGFund and an immersive startup fitness concept; BIGFitness is a testament to Ong’s vision of staying at the forefront of innovation.

In the fashion of undying entrepreneurial spirit, Ong also pursued opportunities out of the education and training space. The BIGHotel was set up in 2013, and was later sold in a multi-million dollar deal.

To date, Ong has built a strong portfolio in a wide range of industries; he is the owner of several businesses in education, training, print media and property investments with a combined annual turnover of $200 million.

A multi-faceted talent, Ong is an author and a seasoned property investor too.

Ong has been featured on major media outlets such as CNBC, Bloomberg and The Straits Times.